Posts Tagged ‘iPhone6’

Apple analyst Gene Munster is out with an earnings preview for Apple, which reports next Monday.
In the preview, Munster gives his reasons for being bullish about the stock. He has a $640 price target. It’s currently trading at $531.
Last year Apple’s stock tanked during the December quarter to March quarter time frame as investors worried about iPhone sales drying up after a huge burst for the iPhone 5. Munster says there will be some fade in iPhone sales, but it won’t be as extreme this year. iPhone 5S demand is expected to be more sustained.
But even more important than the 5S, says Munster, is the iPhone 6, which he expects to be out in the Summer, sooner than expected. The 6 is go